RICHMOND, CA - December 16, 2003 - QRS Corporation (Nasdaq: QRSI) today announced that Jockey International, Inc., has selected QRS Exchange(tm) and QRS Catalogue(tm) for effective supply chain collaboration and market differentiation. Jockey selected QRS for its expertise in the retail industry, network reliability and core apparel customer base.
Using QRS Exchange for electronic commerce, Jockey can maximize its existing infrastructure to exchange information such as purchase orders, invoices and advanced ship notices easily with each trading partner. QRS Exchange helps Jockey reduce costs by automating business transactions, cutting cycle times and improving trading partner relationships through real-time monitoring.
To further improve supply chain collaboration, Jockey is using QRS Catalogue for data synchronization to enable fast and reliable product catalogue setup and support, thereby reducing time-to-market and driving improved sales. By streamlining trading partner collaboration through QRS Catalogue, Jockey maintains data integrity across its trading community, which saves significant time and money through reduced chargebacks and faster cycle times.
"Our work with Jockey International is a great example of how QRS enables its 8,000 retail customers to meet the latest global standards and achieve increased revenue," said Liz Fetter, President and CEO, QRS Corporation. "QRS solutions aim to help Jockey realize an increase in productivity, customer satisfaction and collaboration."
About QRS Exchange(tm)
QRS Exchange is a suite of hosted and point-to-point electronic commerce solutions that helps trading partners exchange information, such as purchase orders, invoices and forecasts. Through electronic transactions, companies reduce costs, respond quickly and optimize business operations. Whatever the standard or protocol - EDI or XML; value-added network (VAN) or EDI over the Internet (EDIINT via AS1/AS2), phone, fax, email, web - QRS Exchange ensures companies can trade with anyone at any time, through one provider.
About QRS Catalogue(tm)
QRS Catalogue is the retail industry`s leading product data synchronization application, allowing more than 3,500 marketers, manufacturers, suppliers and retailers to share the latest product information, such as price, style, color, size and over 450 additional product attributes. QRS Catalogue offers a complete solution for item setup and synchronization, and supports the latest EAN.UCC global standards initiatives. By automating business processes such as item setup and maintenance and product marketing content management, QRS Catalogue helps customers achieve increased revenue and greater productivity.
QRS (Nasdaq: QRSI) is a leading provider of collaborative commerce solutions for the global retail trading community. We enable companies to communicate electronically with their global trading partners; conduct cross-company transactions; synchronize and manage product data; collaboratively source, merchandise and import goods; and automatically detect and resolve supply chain issues. More than 8,000* retailers, brand marketers, manufacturers, suppliers, wholesalers and distributors from a variety of retail segments - including Federated Department Stores Inc., Groupe Clarins USA, Jones Apparel Group Inc., The Kroger Company, Sears, Roebuck and Co., and Selfridges plc - use QRS solutions to significantly improve their overall business performance. Learn more about QRS at www.qrs.com.
Jockey International, Inc. is a leading manufacturer and marketer of comfort apparel products sold in major department and specialty stores across the country. The products are also available in over 120 countries around the world. Located in Kenosha, WI, the 127-year-old company is committed to quality, comfort, fashion, innovation and value. Consumers can visit Jockey on its web site at www.jockey.com.
*Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2002.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements regarding future events and the future financial performance of QRS Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by QRS Corporation with the SEC, specifically the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may be amended from time to time, which identify important factors that could cause actual results to differ from those contained in the forward-looking statements, including risks associated with general economic conditions; specific conditions in the retail industry; competition; changes in senior management; rapid technological change in our industry; dependence upon key customers and their trading partners; ability to introduce and market acceptance of new products and services; the ability to successfully integrate and manage acquired businesses and technologies; customers` willingness to purchase products or services offered through or in conjunction with third parties; and dependence upon IBM for e-commerce services, among others. QRS disclaims any obligation to update the forward-looking information contained in this news release.